Bank of Maharashtra Nashik Salaries by 10+ Employees (Updated 2025)

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BFSI, Investments & Trading

Designation	Avg Annual Salary	Open Jobs
Senior Manager Credit 8 - 12 years exp. · Nashik (4 salaries)	₹13 L/yr - ₹19 L/yr
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Branch Manager 8 - 10 years exp. · Nashik (3 salaries)	₹9 L/yr - ₹20 L/yr
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Business Correspondent 2 - 3 years exp. · Nashik (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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District Programme Coordinator 9 years exp. · Nashik (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
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Business Coordinator 5 years exp. · Nashik (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Recovery Agent 8 years exp. · Nashik (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Agri Field Officer 1 year exp. · Nashik (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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Sub Staff 4 years exp. · Nashik (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Salary related reviews for Bank of Maharashtra

3.5

Rated by 9 employees for salary & benefits

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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Bank of Maharashtra interview questions by designations

Manager (5)Offce Assistant (1)Officer Scale 2 (1)Assistant Manager (1)

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Know more about Bank of Maharashtra Nashik

Bank of Maharashtra Salary FAQs

How much does Bank of Maharashtra pay to its employees?

The average annual salary at Bank of Maharashtra varies depending on the role, experience, and location. The salary ranges for some popular designations at Bank of Maharashtra, are as follows:

Senior Manager Credit	₹13 Lakhs to ₹19 Lakhs per year
Branch Manager	₹9 Lakhs to ₹20 Lakhs per year
Business Correspondent	₹2.3 Lakhs to ₹3 Lakhs per year
District Programme Coordinator	₹1.9 Lakhs to ₹2.5 Lakhs per year

The highest-paying role, Assistant General Manager, earns between ₹24 Lakhs to ₹42 Lakhs per year. The top 10% of employees earn more than ₹22.7 Lakhs per year, and the top 1% earn over ₹40 Lakhs per year. Salaries at Bank of Maharashtra can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 14 salaries submitted by Bank of Maharashtra employees. Bank of Maharashtra is rated 3.5 out of 5 stars by its employees on the salary and benefits parameter.

What is the salary of a fresher at Bank of Maharashtra in Nashik?

The salary of a fresher at Bank of Maharashtra in Nashik typically ranges from ₹0.5 Lakh to ₹7.8 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:

Fresher as a Probationary Officer Salary	₹0.5 Lakhs to ₹7.8 Lakhs per year
Fresher as a Finance Intern Salary	₹1.5 Lakhs to ₹2 Lakhs per year
Fresher as a Accountant Salary	₹3 Lakhs to ₹3.5 Lakhs per year
Fresher as a Manager II Salary	₹12.5 Lakhs to ₹18 Lakhs per year

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Average annual salary in Bank of Maharashtra , Nashik is INR . Salary estimates are based on 10+ Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.